logical pullback today, which we were looking for anyway. Here's
the daily KISS and smaller time frames. The Daily ATR was up near
this area. Also on the 60 min and 120 min you had some A's amateur
buying and a Demark 9 - ATR is support on those lower time
frames
think of it like a lot of small order sizes 100 share vs large
blocks - which is what you would see amateur traders doing i.e
chasing overbought conditions or selling oversold conditions
best to google it but otherwise here's a scan that should be
obvious. You can count the sequence in an uptrend or a downtrend.
It's widely used in industry for years. Basically a Demark 9
uptrend would be 9 consecutive closes that are greater than the
close 4 days ago, and inverse for down moves. 9 is the one that is
mostly used, however 13 is another one that is harder to trigger
because you need to have this sequence 13 times
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KISS charts comments
Posted by matt on 27th of Jun 2022 at 09:50 am
logical pullback today, which we were looking for anyway. Here's the daily KISS and smaller time frames. The Daily ATR was up near this area. Also on the 60 min and 120 min you had some A's amateur buying and a Demark 9 - ATR is support on those lower time frames
Matt, how is "Amateur" buying/selling
Posted by bulf6285 on 27th of Jun 2022 at 10:41 am
Matt, how is "Amateur" buying/selling determined? Is it average trade size?
think of it like a
Posted by matt on 27th of Jun 2022 at 10:54 am
think of it like a lot of small order sizes 100 share vs large blocks - which is what you would see amateur traders doing i.e chasing overbought conditions or selling oversold conditions
What doe a Demark 9
Posted by flredsox on 27th of Jun 2022 at 09:58 am
What doe a Demark 9 mean? Thanks
best to google it but
Posted by matt on 27th of Jun 2022 at 10:19 am
best to google it but otherwise here's a scan that should be obvious. You can count the sequence in an uptrend or a downtrend. It's widely used in industry for years. Basically a Demark 9 uptrend would be 9 consecutive closes that are greater than the close 4 days ago, and inverse for down moves. 9 is the one that is mostly used, however 13 is another one that is harder to trigger because you need to have this sequence 13 times